About $1.8 million that belonged to a now-defunct college has been lost, leaving prosecutors and a bankruptcy trustee trying to find the money.
The money belonged to Decker College, a for-profit school that shut down in 2005 amid a bankruptcy and federal and state investigations. The funds, in the form of a bank deposit, were on a list of assets declared by the school when it went bankrupt.
But now, the money and the account it was supposed to be in are missing, said attorney Della Justice, who works with the state attorney general's consumer protection division.
"That money is not there anymore," Justice said. "We believe it was there at the beginning of the bankruptcy. We're just asking at this point."
The school, partially owned and run by former Massachusetts Gov. William Weld, has more than 600 creditors seeking more than $57 million. The Kentucky attorney general's office is also investigating possible consumer fraud violations at the school.